G. Dewey Sullivan, Inc. v. H. Stern, Inc.

This case was submitted to me on an agreed statement of facts.. The plaintiff delivered a baguette diamond ring of the value of $925 to one Matthew Singer, who executed a memorandum which contained the following provision: “ These goods are sent for your inspection and remain the property of G. Dewey Sullivan, Inc., and are to be returned on demand. Sale takes effect only from date of approval of your selection, and bill of sale rendered.” Thereafter Singer pledged the ring with the defendant, a duly licensed pawnbroker, for an advance of $408. The defendant dealt with Singer in the regular…